Redding CA - Redding Real Estate Market Report for October 2011, we are seeing some changes in the real estate market here in Redding, CA. In the last two months our inventory has been dropping. We are seeing a significant change in inventory. Redding Active Listings in 2010 for the Month of October was 765 and for October 2011 it is 427. This looks like a game changer. We are seeing a busy market on the lower end with multiple offers on well priced properties. This may be the beginning of a changing market trend from a Buyer's Market to a Seller's Market.

Here is a look at the Month of October.

Our numbers are show the biggest change in iventory over 2010 with 100 Sold, 765 Active and 99 Pending. Our prices continue to drop with a Per Square Foot Price in Q3 or 2009 at $134.62 to a Per Square Foot Price in the month of October, 2011 being $104.32.

With the Average sales price in Q3 or 2009 being $234,175 as compared to the month of October, 2011 we see a new Average sales price of $176,256. A loss in value of approximately 23%. We also see a variance of about 12% in List Price versus Sales Price, a trend common in a Buyer's Market.

Real Estate still remains an extremely viable and attractive investment market for long term investment. With the many tax advantages and means to defer taxes through 1031 Exchange, you continue to have a viable means to build generational wealth. Call today and we can talk about your goals and how you can establish generational wealth for the future.

I am Jeanean Gendron, and I have taken training and achieved designations to help you reach your goals. I hold CIAS (Certified Investor Agent Specialist) designation. It is my pleasure to be helping my clients achieve their real estate goals

.

An example of a typical goal and how it is achieved follows.

A newly married couple has started their family and have a new baby. They have a financial goal to invest for their baby's college fund. They purchase a Single Family Residential property that will be an attractive rental. It is a 3 bedroom, 2 bath home with a 2 car garage.

Investment Property Purchased at $95,000

$23,750 = $25% Down + $2,881 in Closing Cost and $5000 in Repairs

PI = $382, I = $27, T = $98, PITI = $509

Gross Operating Income (GOI) = $1045.00 with a vacancy rate of .05%

Net Operating Income (NOI) = $720

Cap Rate (Capitialzation Rate) = 9.09% or .0909

Debt Service Ratio (DSR) = 1.41 (should be greater than 1.2)

Cash Flow = Monthly $536, Yearly $6,432.00

Cash-on-Cash Return (CCR) = 20.3%

With a positive cash flow and not considering appreciation, the return on their investment over 18 years will net them $115,776.00. They have achieved their goal.

In addition, they have now begun to establish generational wealth and have a "cash flow" producing asset. Through the means of 1031 Exchange they now have a vehicle to continue to acquire properties and defer taxes. One additional benefit is that IRA savings can be moved into Self-Directed IRAs and used to purchase real estate.

Call today and learn more about investing in real estate.

I am Jeanean Gendron, your Redding and Shasta County Specialist.

You can reach me at 530 276-7417. I answer my phone.

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Jeanean Gendron - Specializing in Marketing and Selling Unique Properties--We love where we live and work and we love our listings. This is why we specialize in marketing and selling unqiue properties that have been developed to the highest and best use of the land.

It is a priviledge to market a well developed property that promotes a lifestyle Buyers are looking for. It's not really about a price range but about the lifestyle and the Buyer who will find that it has value. MARK IT SOLD!

SELLERS:FREE MARKET VALUATION--If you are looking to sell your home in Shasta County, CA or in the Redding CA area, we specialize in marketing and selling unique properties. We SELL our listings. With a pervasive web presence (15+ websites/blogsites) we are able to target specific Buyers interested in your property. With the right price point, beautiful marketing and by knowing who our Buyer is, we are able to sell all our llistings. We provide the Buyer with the tools, information and knowledge they need to identify and buy the right property here in the North State. We have Buyers contacting us to relocate to the North State daily.

We target the local, regional, national and international markets.

MARK IT SOLD!

BUYERS:If you are looking to relocate to the North State download our freeRELOCATION GUIDE. It has local demographics and photos of the beauty of the surounding areas. We love living and working here in Shasta County, California. We are photographers and so we share the beauty with you. We also provide you with aFREE MLS ACCOUNT for ALL ACTIVE LISTINGS IN SHASTA COUNTY, CA. You are able to save searches and receive email notice for new listings. Real time data that helps you understand the market values in Shasta County, CA.

We call it Living The Shasta Lifestyle!

Visit our main real estate website that provides you with the ability to Search the MLS and to set upA FREE MLS ACCOUNTso that you can save searches and select favorite properties. See all Shasta County MLS Listings in real time. I also have many saved searches for unique properties (ranch, views, river, acreage).

Jeanean, It sounds like our market is similar to yours. Inventory is decreasing. We are seeing multiple offers on the lower attractively priced properties. Prices per square foot have been lower than before. It's good to see that buyer's have taken an interest, and have gotten back into the market. You're right, we may be seeing a trend here.

Great, comprehensive market report that fits the season nicely. You never miss a detail!

Scott, I'm away from my home office. I have the formula at home....will come back to leave it for you. Thanks for stopping by and taking a look. I appreciate and also enjoy looking at market report across the country to compare. Have a great weekend.

Scott, the formula to get CCR is Cash Flow divided by Total Cash Investment = CCR. Hope this helps. I took the CIAS course and it provides you with all the resources you need to help investors. I knew it all but putting those resources together takes so much time....they hand it to you in one nice package. I cannot say enough about the course or Alex Charfin. Top notch!

Hello Michael, thanks for the visit. I get board with market reports....the data is good but....I love visuals. Deb Janes inspired me to try some new creative means to share my market data. I enjoyed the effort and now maybe I can get myself back into market reports. Have a wonderful day. Still shopping for my outdoor rug for my Courtyard. It will be the main focal point. Excited. Have a beautiful day!

Thanks for coming for a visit. It is never a perfect balance in real estate...always a problem on one side. With less investory, Agents are scrambling to find good houses for their clients. It's nice for listing agents like me, I do work with buyers but only when they are referred to me. It has been a long hard road for listing properties unless they were distressed properties and even then you had to make sure and get the price right. I've sold all my listings except on the higher end. I like it! Have a beautiful day!

Hello Sandy, it's nice to have your finger on the pulse of the market. It's hard work but necessary. Doing short sales and REOs provide me a great opportunity to understand the dynamics of the market. Thanks for the visit and I'll come soon for my "Sunset" fix. Have a beautiful Sunday!

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